Report: Knicks owner turns down trade offer to bring in Kyle Lowry

There has been plenty of discussion over the past few days that connect the New York Knicks and Toronto Raptors in a possible trade for point guard Kyle Lowry, however, the Raptors appear to be asking too much and Knicks owner James Dolan doesn’t appear willing to part ways with what the Raptors are asking for.

While it would be nice to bring Lowry to the Big Apple, giving up Raymond Felton, Metta World Peace and either Iman Shumpert, Tim Hardaway Jr. or a first-round pick does not seem like anything the Knicks would pull the trigger on.

Now, it looks like the trade talks have been temporarily stalled.

From Frank Isola of the New York Daily News:

"According to a source familiar with the talks, Dolan had second thoughts about trading for Lowry and was also — what else? — enraged that details of the proposed deal had been leaked to the media.According to several reports, the Knicks were prepared to trade Raymond Felton and Metta World Peace plus Iman Shumpert or Tim Hardaway Jr. or a 2018 first-round pick. The Raptors preferred the first-round pick, but Dolan — who negotiated the Carmelo Anthony trade with Raptors GM Masai Ujiri when Ujiri was with the Denver Nuggets — got cold feet about trading a future asset. That could open the door for the Brooklyn Nets to acquire Lowry instead.“Dolan didn’t want to get fleeced again by Masai,” was how one Knicks source put it. “They had a deal ready.”"

There is no doubt that Lowry would boost the Knicks back court, but the team will have to weigh all options.

They are running out of time to get a potential deal done, so they may have to bite the bullet and unload multiple players if they feel that Lowry could be the missing piece to a championship puzzle.